Online Video THEME

1148.09 -35.33 (-3.08%) Sell

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Want to invest in ONLINEVIDEO THEME? Avoid as it has destroyed investor wealth

13 min read

~ONLINEVIDEO has destroyed investor wealth today. On a longer term basis, investors in Online Video made +0.06% per day. Friday's performance of -3.08% was a significant underperformance compared to it's daily average.

[Theme constituents]

~ONLINEVIDEO showed a strong down trend over the last 3 months. During this period ~ONLINEVIDEO returned -20.71% and saw a maximum drawdown of -23.26%. There were 2 short signals during this period that returned a cumulative of +16.86% to investors.


~ONLINEVIDEO has been underperforming the SP500 index in recent time, after having outperformed till 20 Jun, 2018. Over the last 1 year 2 months and 9 days, ~ONLINEVIDEO outperformed the SP500 index on 53% days.

During the last three months ~ONLINEVIDEO was mostly loss making and delivered on average -0.35% per day. It's best return during this period (of +3.92%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -5.14%) was on Wednesday, 10 Oct, 2018. There was initially a bullish trend during this period which started on 10 Sep, 2018 and went on till 13 Sep, 2018. The bullish trend returned +2.69% to investors. This was followed by a bearish trend that started on 4 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -13.34% of investor capital.

On monthly basis, ~ONLINEVIDEO delivered profits and losses in equal number of months. ~ONLINEVIDEO delivered profits less regularly than SP500 index. ~ONLINEVIDEO significantly outperformed SP500 index in Apr 2018, when it returned +13.18% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ~ONLINEVIDEO had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Oct 2018 to Dec 2018) during which period it delivered -22.88%. It is interesting to note that both ~ONLINEVIDEO and SP500 index significantly outperform during months when quarterly/annual results are announced.

"Finance is not merely about making money. It's about achieving our deep goals and protecting the fruits of our labor. It's about stewardship and, therefore, about achieving the good society.

~ONLINEVIDEO is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in ~ONLINEVIDEO's volatility from 27 Sep, 2018 to 1 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that ~ONLINEVIDEO has significant positive skewness in it's return distribution. This indicates that investors can expect ~ONLINEVIDEO to recover from drawdowns quickly. Which makes ~ONLINEVIDEO a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

~ONLINEVIDEO has more chance of extreme outcomes than the SP500 index. Therefore, ~ONLINEVIDEO must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than ~ONLINEVIDEO.

On a general note (since you are interested in ~ONLINEVIDEO), AYTU has performed really well and deserves to be closely tracked for investment opportunities.

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